Legislation

Title: Maryland Benefit Corporations - Purposes, Duties of Directors, and Liability
Sponsored by: Senators Klausmeier and Raskin
Status: In the Senate - Hearing 3/25 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Altering the purpose of a Maryland benefit corporation; clarifying that a director of a benefit corporation is required to perform the director's duties in accordance with a specified standard; authorizing a director to consider the effects of a specified action or decision; providing that a director may not be required to give priority to a specified interest or factor over any other interest or factor; etc.

Committees

Original:: Judicial Proceedings Click to view Recorded Media

Details

Introduced in a prior session as: SB0978 Session: 2014 Regular Session

Bill File Type: Regular

Effective Date(s): October 1, 2015

History

Legislation History
Chamber Senate Calendar Date 3/05/2015 Legislative Date 3/06/2015 Action First Reading Senate Rules Proceedings
Chamber Senate Calendar Date 3/09/2015 Legislative Date 3/09/2015 Action Rereferred to Judicial Proceedings Proceedings
Chamber Senate Calendar Date 3/16/2015 Legislative Date 3/16/2015 Action Hearing 3/25 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	3/05/2015	3/06/2015	First Reading Senate Rules
Senate	3/09/2015	3/09/2015	Rereferred to Judicial Proceedings
Senate	3/16/2015	3/16/2015	Hearing 3/25 at 1:00 p.m.

Documents

Date Posted	Document Name
3/06/2015	Text - First - Maryland Benefit Corporations - Purposes, Duties of Directors, and Liability

File Code

Subjects

Statutes